NJ Gives Angel Investors A Break For Backing Tech Firms

Law360, New York (February 1, 2013, 7:28 PM EST) -- Investors in New Jersey’s emerging technology companies will be eligible for new tax credits on those investments under legislation signed into law by Gov. Chris Christie on Thursday.

S-581, known as the New Jersey Angel Investor Tax Credit Act, will establish credits to defray corporation, business and gross income taxes for “angel investors” — wealthy investors who fund high-risk startups.

Such investors will be eligible for tax credits equal to 10 percent of their investments in emerging technology companies, provided the companies employ fewer than 225...
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